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v3.26.1

Segment Information | 3 Months Ended
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Mar. 31, 2026
Segment Information [Abstract] |
SEGMENT INFORMATION | NOTE 13. SEGMENT INFORMATION The Company has determined it operates as a single operating and reportable segment, which is the research and development of therapeutic products in the fields of chronic urticaria and asthma. The Company’s chief operating decision maker, its Chief Executive Officer (the “CEO”), manages the Company’s operations on a consolidated basis. The CEO assesses the segment’s performance and allocates resources based on review of various development, manufacturing and clinical programs expenses, along with the segment’s personnel and general and overhead costs. In addition to the significant expense categories included within net loss presented in the Company’s condensed consolidated statements of operations and comprehensive loss, see below for disaggregated amounts that comprise total operating expenses (in thousands):
|  | Three Months Ended March 31, |
|  | 2026 |  |  | 2025 |
Personnel-related costs |  | $ | 4,038 |  |  | $ | 8,431 |
General and overhead costs |  |  | 3,291 |  |  |  | 3,611 |
Program costs |  |  |  |  |  |  |  |
Briquilimab platform |  |  | 266 |  |  |  | 1,957 |
CMO |  |  | 882 |  |  |  | 2,138 |
CSU |  |  | 2,378 |  |  |  | 2,746 |
Asthma |  |  | (327 | ) |  |  | 1,393 |
CIndU |  |  | 424 |  |  |  | 885 |
SCID |  |  | — |  |  |  | 523 |
MDS/AML |  |  | — |  |  |  | 118 |
Total program costs |  |  | 3,623 |  |  |  | 9,760 |
Total operating expense |  |  | 10,952 |  |  |  | 21,802 |
Other income, net |  |  | 9,778 |  |  |  | 561 |
Net loss |  | $ | (1,174 | ) |  | $ | (21,241 | )
All long-lived assets are located in the United States.

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